Tag: Economic Corridor

  • Mari naval — Cyprus and France Enhance Mari Naval Base for Permanent French Military Presence

    Mari naval — Cyprus and France Enhance Mari Naval Base for Permanent French Military Presence

    Cyprus and France have embarked on a significant upgrade of the Mari Naval Base, aimed at ensuring a permanent French military presence in the Eastern Mediterranean. This strategic initiative was formalised through a Strategic Declaration and an accompanying Action Plan for 2026–2030, signed during a visit by President Nikos Christodoulides to Paris.

    Mari naval: Strengthening Defence and Security Collaboration

    The primary focus of the agreement is on Defence and Security, encompassing two main elements: the enhancement of the Mari Naval Base and a substantial defence procurement deal. The upgraded facility will be capable of hosting large French warships, marking a pivotal expansion of military cooperation between the two nations.

    Major Defence Procurement Deal

    As part of the agreement, the French military industry will fulfil 85% of the defence equipment requested by Cyprus under the SAFE programme. This procurement is not merely a transaction; it mandates the involvement of Cypriot companies, stipulating a 15% share in the production of each programme. This provision is expected to result in significant knowledge transfer, bolstering the capabilities of the Cypriot National Guard, particularly in aerial assets and communications systems.

    A Comprehensive Roadmap for Cooperation

    Beyond military enhancements, the Strategic Declaration outlines a broad framework for collaboration across sixteen sectors. This shift from declarations to actionable policies is designed to foster a deeper partnership between Cyprus and France.

    Key Areas of Cooperation

    • Schengen Representation: France will represent Cyprus in 25 third countries, providing consular services related to Schengen visa issuance once Cyprus achieves full Schengen Area accession.
    • IMEC Corridor: The agreement highlights cooperation in the India–Middle East–Europe Economic Corridor (IMEC), recognising Cyprus as a vital hub that contributes to regional stability and interconnectivity.
    • Investment Opportunities: During the governmental meetings, a French company showed interest in making significant investments at Larnaca port, indicating potential economic benefits for Cyprus.
    • Sectoral Collaborations: The agreement also encompasses areas such as Civil Protection, Digital Policy, Public Health, Maritime Affairs, and Energy, including workshops on integrating renewable energy sources into national grids.

    Monitoring and Implementation

    The implementation of the Strategic Declaration and Action Plan will be overseen through annual high-level intergovernmental meetings involving senior officials from the two Foreign Ministries, as well as biennial meetings at the Ministerial level. This structured approach aims to ensure that the initiatives outlined in the agreement are effectively realised and managed.

    Long-Term Implications for Regional Stability

    The upgrade of the Mari Naval Base and the broader agreement signify a pivotal moment in the defence posture of Cyprus and France in the Eastern Mediterranean. By reinforcing military capabilities and enhancing bilateral cooperation, both nations are taking proactive steps towards ensuring regional security and stability.

    As the geopolitical landscape continues to evolve, this partnership may play a crucial role in addressing emerging challenges and fostering a collaborative approach to defence and security in a region of strategic importance.

  • Cyprus as India’s Strategic Gateway to Europe Highlights Economic Opportunities

    Cyprus as India’s Strategic Gateway to Europe Highlights Economic Opportunities

    gateway — Cyprus serves as India’s natural gateway to Europe, a statement emphasised by India’s High Commissioner to Cyprus, Manish, during the Cyprus Forum 2025 in Nicosia. His remarks highlighted the significance of the India-Middle East-Europe Economic Corridor (IMEC) in enhancing global connectivity and trade.

    Gateway: IMEC: A Transformational Initiative

    At the forum, High Commissioner Manish outlined India’s vision for IMEC, describing it as a vital connectivity project aimed at lowering logistics costs, reducing transport times, and creating new trade pathways that connect Asia, the Gulf region, and Europe.

    Opportunities for Collaboration with Cyprus

    Manish emphasised the strategic positioning of Cyprus in this framework, suggesting numerous avenues for bilateral cooperation. He mentioned shipping, renewable energy including green hydrogen, digital trade facilitation, financial services, and education as key areas where India and Cyprus could work together.

    A Shared Vision for Sustainable Development

    During his speech, the High Commissioner reflected on the shared commitment of both nations towards sustainable development and rules-based international cooperation. This aligns with IMEC’s focus on green energy, digital integration, and inclusive growth.

    Building on Previous Diplomatic Engagements

    This dialogue follows Indian Prime Minister Narendra Modi’s visit to Cyprus in June, which laid the groundwork for deeper bilateral engagement. Modi engaged in extensive discussions with President Christodoulides at the Presidential Palace in Nicosia, focusing on enhancing cooperation across trade, investment, security, and technology sectors.

    Emphasising Stability and Connectivity

    During their June meeting, both leaders acknowledged IMEC’s transformative potential and reiterated their commitment to stability in the Eastern Mediterranean and the wider Middle East. They stressed the importance of fostering deeper engagement and connections from the Indian subcontinent through the Middle East to Europe.

    Encouraging Indian Investment in Cypriot Shipping

    Recognising Cyprus’s strategic role, both Modi and Christodoulides welcomed the possibility of Indian shipping companies establishing a presence in Cyprus. They encouraged maritime cooperation through joint ventures between Cyprus-based and Indian maritime service providers, aimed at strengthening economic and logistical ties.

    Cyprus as a Regional Hub

    The speakers at the forum also acknowledged Cyprus’s potential to act as a regional hub for transshipment, storage, distribution, and logistics within the IMEC initiative. This vision underscores the importance of Cyprus in creating a robust economic corridor linking these regions.